LDR 535 Week 6 Rachel Miller

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School

University of Phoenix *

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Course

535

Subject

Management

Date

Jun 22, 2024

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pptx

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15

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CHANGE MANAGEMENT PLAN FOR SAMSUNG Rachel Miller University of Phoenix LDR/535 Dr. Renee’ Green June 3, 2024
OVERVIEW •Need for Change •Impact on the Company •Kotter’s 8-Step Change Model •Sustaining Competitive Advantage
WHY CHANGE NEEDS TO OCCUR To stay ahead in a rapidly evolving technological landscape and to address competitive pressures. 3 Market demands for innovation Adapting to new market opportunities Enhancing global competitiveness Improving operational efficiency
GLOBAL IMPACT OF CHANGE 4 MARKET EXPANSION: NEW MARKETS AND IMPROVED MARKET SHARE IN EXISTING MARKETS. INNOVATION LEADERSHIP: CONTINUED INVESTMENT IN R&D FOR TECHNOLOGICAL ADVANCEMENTS. SUSTAINABILITY: ADOPTION OF ENVIRONMENTALLY FRIENDLY PRACTICES GLOBALLY.
IMPACT ON EMPLOYEES Skill Development: Ongoing training and development programs. Employee Engagement: Enhanced communication and involvement in change processes. Inclusivity: Strengthened diversity and inclusion initiatives. 5
KOTTER’S 8-STEP CHANGE MODEL: STEP 1 Create Urgency 6 Strategy: Identify critical areas needing immediate attention. Tactics: Conduct competitive analysis and market research to highlight urgency. Rationale: Helps in galvanizing employee support and motivating quick action.
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